CMA CGM acquires shares in TTIA container terminal, Algeciras
CMA CGM has acquired a stake of 50% minus one share in Spain’s Total Terminal International Algeciras (TTIA), which helps to consolidate the group’s position in the Strait of Gibraltar.
TTIA is a multi-user facility with an annual capacity of 1.7m teu, with the potential to double its capacity in the future, and is the first semi-automatic terminal in the Med Area.
It consists of a 30 ha container yard, an 850 m long quay and a draught of 18 m as well as eight ship-to-shore (STS) cranes.
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